LOCATION

Economy & Amenities of LADYSMITH, BC

Located in the Holland Creek Nature area with sweeping views of the ocean, in the picturesque seaside community of Ladysmith – famous for its walking trails, heritage and small town charm, and with close proximity to Duke Point Ferry Terminal and the Nanaimo International Airport. The location and amenties ensure these properties will be highly sought and valued.

Thetis Drive, Ladysmith BC Commercial Lots 1 2 & 3
Nanaimo Waterfront - Coastline Photography

Nanaimo

Ladysmith is located 15 minutes south of Nanaimo, which is the Transportation and Distribution centre of Vancouver Island.
• Nanaimo is the second largest urban centre on Vancouver Island and the fifth largest in BC.
• The City’s central location makes it a natural transportation and distribution hub for all of Vancouver Island.
• Home to an excellent deep-sea port, on average this ocean-side city receives over 4 million tons of cargo through its port facilities and deep-sea terminal.
• Nanaimo is home to over 6,400 businesses and growing. Businesses choose to locate in Nanaimo because of the cost efficiencies, exceptional technological infrastructure, and easy access to world markets.

Duke Point Ferry

BC Ferries Duke Point Terminal is 15 minutes from Ladysmith and offers daily sailings for car and passengers to all the Gulf Islands, Horseshoe Bay for easy access to Whistler and Vancouver, plus to Tsawwassen for easy access to Vancouver and the Lower Mainland. Duke Point Cargo & Barge Facility facilitates short sea shipping with one Deep Sea Berth for cargo vessels, a 40 MT Gantry Crane, and a 100 MT Mobile Harbour Crane.

Nanaimo International Airport

Nanaimo Airport inaugurated a $14.2-million expansion of its Air Terminal Building in 2020. This expansion increases the terminal size by nearly 60%, providing passengers with more space and comfort. The departure lounge now accommodates over 300 people comfortably, with potential to expand to 550 passengers.

The airport plans to triple its terminal size by 2035 to accommodate future growth. This expansion comes amidst record growth at Nanaimo Airport, which serves as the Island’s gateway to destinations such as Vancouver, Calgary, and seasonal non-stop service to Toronto.

Foreign Trade Zone Point designation (FTZVI)

FTZ Point designation is just the beginning of a pivotal time during which Vancouver Island is assuming its role as a prominent component in Canada’s Asia Pacific Gateway. The Government of Canada granted Foreign Trade Zone Point designation (FTZVI) to the Vancouver Island Economic Alliance (VIEA) in September 2018.

An FTZ Point is one of Canada’s strategic locations for international trade where an organization with a mandate to promote local trade and foreign direct investment is uniquely supported by a single point of access to information on relevant government policies and programs.

Anm Task Force with representatives from various government departments will be coordinated by ITT-VI to problem solve and to facilitate easy access to a suite of programs that make up them advantage:

Duty Relief Program – Relieves the payment of duties on imported goods that will eventually be exported either in the same condition or after being consumed, expended, or used in processing other goods. This can have significant cash flow benefits for Island manufacturers.

Duty Drawback Program – Refund of customs duties paid for imported goods that will eventually be exported or used in manufacturing and then exported. This benefits businesses that have already paid duties and wish a refund.

Customs Bonded Warehouses – Companies participating in the Customs Bonded Warehouse Program qualify for complete deferral of duty and taxes. When goods exit the warehouse, taxes are applicable. If goods are re-exported, there are no duties or taxes. The definition of a ‘warehouse’ is quite broad. It can be part of your office building, a stand-alone facility, or even a hotel conference room, and can be located anywhere within them Point – e.g., anywhere on Vancouver Island!

Export Distribution Centre Program – Provides relief of cash flow cost incurred by export businesses that add limited value when processing or distributing goods such as relabeling, repackaging, assembling, or disassembling, inspecting, cleaning, etc. This especially benefits companies, for instance, that are importing goods and/or acquiring goods in Canada without paying GST/HST if the goods are later exported.

Exporter of processing Services Program – Qualifies companies to import goods belonging to non-residents without paying GST/HST if these goods are imported for processing, distribution or storage and are subsequently exported.

The Vancouver Island Economic Alliance is a non-government, registered non-profit society with a singular mandate to help ensure a vital and sustainable economy for all of Vancouver Island including the Gulf Islands.

FTZVI is the result of several years of work by the Economic Alliance to help raise the profile of Vancouver Island as a preferred location for producing goods for export and as a recognized destination for Foreign Direct Investment.